Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.
* Silicon Valley real estate prices are already on the rise, but given Facebook's impending IPO, expect them to go even higher. Case in point: 10 Palo Alto homes sold last month above their asking price. (The New York Times)
Yahoo CEO Scott Thompson
* Yahoo CEO Scott Thompson wants to steer the struggling Internet company away from revenues derived from web sites and advertising towards sales from fees and commissions. Thompson however hasn't yet given more details. (The Wall Street Journal)
* Groupon's (GRPN) first quarterly earnings report proved surprising. Though revenues beat analyst expectations with $506 million, net income was way off: 2 cents a share net loss versus the predicted 3 cents a share profit. As a consequence, company shares tumbled more than 10% after hours (Tech Trader Daily)
* If you aren't already familiar with the term "collaborative consumption," here's a primer. (Hint: startups like Airbnb are predicated on the theory.) (Mashable)
* How AOL (aka "Facebook 1.0") apparently blew its lead. (The Wall Street Journal)
* Tech blog GigaOm is acquiring the media site paidContent. (TechCrunch)
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Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.
* As speculated, Facebook filed an initial public offering yesterday. The social network, which now reports 845 million monthly active users and net income of $1 billion on revenues of $3.7 billion, plans to raise $5 billion. Here's the letter from Mark Zuckerberg included with the S-1 Registration statement. (Fortune MORE
JP Mangalindan, Writer-Reporter - Feb 2, 2012 3:30 AM ET
Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.
* AOL CEO Tim Armstrong is reorganizing the Internet company. Its dial-up services will be merged with Web services, which includes AOL Instant Messenger. The other three divisions will include advertising, local services, and the Huffington Post media group. (Bloomberg)
* Amazon's Kindle Fire has come under, well, fire, over some MORE
JP Mangalindan, Writer-Reporter - Dec 13, 2011 2:00 AM ET
Fortune's curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the round-up delivered to you every day.
Will Amazon release a smartphone? Photo: Bloomberg
* Hot on the heels of the Kindle Fire's launch comes speculation from Citigroup researchers that Amazon (AMZN) will launch a smartphone during the fourth quarter of next year. "Based on our supply chain check, we believe FIH is now jointly developing MORE
JP Mangalindan, Writer-Reporter - Nov 18, 2011 3:30 AM ET
A three-way merger between them seems out there, not to mention extremely complicated. But, the idea has some merit -- not the least of which is saving Yahoo from private equity.
By Kevin Kelleher, contributor
FORTUNE – The carefree days of Yahoo -- when the web pioneer's name was more of an exuberant cry rather than a sarcastic remark -- are behind it. For several years, the company has struggled to right MORE
Nov 17, 2011 1:15 PM ET
Fortune's curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the round-up delivered to you every day.
* As reported, Google (GOOG) launched its new online music store. Currently Google Music includes deals with three of the major music companies, lets users also upload and store up to 20,000 songs for free, as well as share music via the company's Google+ social network. (Computerworld)
* Nokia MORE
JP Mangalindan, Writer-Reporter - Nov 17, 2011 11:08 AM ET
Fortune's curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the round-up delivered to you every day.
* Sony (SNE) predicts a $1.2 billion annual loss and slashed sales targets for TVs, personal computers, compact cameras, and Blu-ray players. (Bloomberg)
* Colleague Scott Olster on how the race for education tech is heating up. (Fortune)
Apple customers will soon be able to order products online and pick them up MORE
JP Mangalindan, Writer-Reporter - Nov 2, 2011 10:55 AM ET
He mapped out a strategy to rescue the failing merger on a whiteboard in 2003
Jobs reviewing an early version of OS X. Photo: Brent Schlender
After a long meeting with Steve Jobs last year about what the iPad would mean for publishers, Fortune's technology editor Stephanie Mehta -- known to her colleagues as "Stephanie Telephony" when she covered telecommunications -- remarked that Jobs was a surprisingly astute student of other people's MORE
Philip Elmer-DeWitt - Oct 25, 2011 7:05 AM ET
Fortune's curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the newsletter delivered to you every day.
"Google+ is a prime example of our complete failure to understand platforms from the very highest levels of executive leadership (hi Larry, Sergey, Eric, Vic, howdy howdy) down to the very lowest leaf workers (hey yo). We all don't get it." -- Google engineer Steve Yegge in a reportedly leaked blog post. (Silicon MORE
JP Mangalindan, Writer-Reporter - Oct 13, 2011 3:30 AM ET
Up 13.59% in a quarter in which the NASDAQ fell 12.91%
Click to enlarge. Source: Google Finance
In his Tech Trader Daily column last week, Barron's Tiernan Ray noted that the three months that ended Friday saw some spectacular flameouts in the tech sector, including Netflix (NFLX) down 56.88% for the quarter, AOL (AOL) down 39.58%, Hewlett-Packard (HPQ) down 38.32% and Yahoo (YHOO) down 12.4%.
Amid the carnage, however, there were some MORE
Philip Elmer-DeWitt - Oct 3, 2011 5:00 AM ETEvery morning, discover the companies, deals and trends in tech that are moving markets and making headlines. SUBSCRIBE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.95 | -0.16 | -1.97% |
| Microsoft Corp | 31.27 | -0.17 | -0.54% |
| Ford Motor Co | 12.28 | -0.25 | -2.00% |
| General Electric Co | 19.39 | 0.17 | 0.88% |
| Citigroup Inc | 32.36 | -1.00 | -3.00% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,938.67 | -27.02 | -0.21% |
| Nasdaq | 2,933.17 | -15.40 | -0.52% |
| S&P 500 | 1,357.66 | -4.55 | -0.33% |
| Treasuries | 2.00 | -0.04 | -1.96% |
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